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Accounting AQA Unit 2 - 20th May 2016 watch

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    (Original post by Nicolethackerayy)
    Yeah that's what I thought, but the maintenance or whatever was £2400 for the year I split even though it was fully paid in June?..

    I put it fully paid in june same as alhrona
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    (Original post by Nl_Chandler)
    I think it was in the region around 5-7k but can't remember the exact figure now.
    Did you split the maintenance ?
    and what about for the profit?
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    I can't remember what i got for profit but what i did is full revenue from subscription less the expenses apart from the overdraft since it's b/s and the old figure didn't matter because that would have been if he brought the premises.
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    I got my loss on the income statement as (2100). How bout you guys????
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    what did you get for physical stock take?
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    and the last question?
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    (Original post by Nl_Chandler)
    I put it fully paid in june same as alhrona
    Which one? There was the yearly membership of £300 which I kept as that in the income statement (didn't know whether to split it or not since it was paid for the year) or the things that was £2400 paid for the year (which I split because it was means there was £2200 prepaid since it was only meant to be for June)
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    (Original post by 87Mack)
    and the last question?
    i got in the region 20000 for that inventory question you had to edit with the 4 steps but i think i ****ed up badly there.
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    (Original post by 87Mack)
    what did you get for physical stock take?
    I got £19990 but I think I might have done something wrong haha
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    (Original post by Nl_Chandler)
    i got in the region 20000 for that inventory question you had to edit with the 4 steps but i think i ****ed up badly there.
    i got around 16000, because you had take another 4650 or sumthing like that off
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    (Original post by Nicolethackerayy)
    Which one? There was the yearly membership of £300 which I kept as that in the income statement (didn't know whether to split it or not since it was paid for the year) or the things that was £2400 paid for the year (which I split because it was means there was £2200 prepaid since it was only meant to be for June)
    Yeah your right actually you should have split it in the income statement since it's prepaid income which i forgot but include the full amount in the budget.
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    how many marks was the first question cause i f**ked that up
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    (Original post by 87Mack)
    i got around 16000, because you had take another 4650 or sumthing like that off
    What for? I added something twice
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    (Original post by 87Mack)
    how many marks was the first question cause i f**ked that up
    8 for budget and 6 for profit calculation i believe.
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    (Original post by Nicolethackerayy)
    I got £19990 but I think I might have done something wrong haha
    i got 19990 too!
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    (Original post by Nicolethackerayy)
    What for? I added something twice
    additional info (1) said that they sold goods cost of 4560 for 8000, and it had been included in the computer stocktake,

    cuz its been sold u needed to take away that 4560 i think from the computer stocktake
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    (Original post by Nl_Chandler)
    Yeah your right actually you should have split it in the income statement since it's prepaid income which i forgot but include the full amount in the budget.
    Yeah that's what I did, I kept the whole amount for the yearly membership in the income statement though but I think I should have split it, I'm not too sure ☹️
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    what did u guys put for last question?
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    which side does the bal brough down for provision for doubtful debt go?
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    (Original post by 87Mack)
    additional info (1) said that they sold goods cost of 4560 for 8000, and it had been included in the computer stocktake,

    cuz its been sold u needed to take away that 4560 i think from the computer stocktake
    Yeah, I added something twice though. I think it was (4) maybe, a purchase but have been recorded as a sale return or something. Not quite sure, my memory is fading quickly about what I put
 
 
 
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